Self Assessment Accountant & Services in Bexleyheath
SELF EMPLOYED AND SMALL BUSINESSES
Navigate the complex tax laws and regulations of the HMRC with KISl. Our self assessment services offer expert tax advice, accurate tax calculation, tax filing, and proper compliance with HMRC.
Seeking expert self assessment accountants in Bexleyheath, Sidcup, Welling, Erith, and Kent?
Why Do Businesses Need to Use Professional Tax Return Support?
Handling tax returns by yourself is free, but it significantly increases the risk of errors. Meanwhile, professional tax return support offers reliable and accurate tax returns. It streamlines your workflows and ensures compliance with changing HMRC rules. It helps you save much more money, time, and stress than the cost of service fees.
Both businesses and individuals can benefit from our professional self assessment services in Bexley. They gain sound tax advice and ensure that all the relevant documentation is filled out and submitted accurately. This helps you to calculate your tax liability and tax payments correctly. As almost everything is taxable these days, being tax efficient will give you and your business credibility.
What is a Self Assessment Tax Return?
Self Assessment is a system HM Revenue and Customs( HMRC) uses to collect income tax from those with income that isn’t taxed automatically. Usually, tax is deducted automatically from wages, pensions, and savings. But, for people and businesses with other income, they must report it on a tax return to the HMRC annually.
Who Needs to File Self Assessment Tax Returns?
Basically, if you earn through means other than a monthly wage or pension, you are liable to file self-assessment tax returns in the UK.
Self-Employed or Business Partners
If you are self-employed as a sole trader and earn more than £1,000 or are a partner in a business, then you will need to file self-assessment tax returns.
Rental, Dividend, and Interest Income
If you are a landlord earning above £1,000 through property rentals, you are required to file a tax return. If you have a Savings account and your interest exceeds the specified tax-free margin, you must report it to the HMRC. If you have a dividend income exceeding £500 for the 2026-2027 tax year, you must file a tax return.
How Much Do Tax Return Services Cost?
Contact us with your details and requirements, and we create a bespoke service package tailored to suit your individual requirements. Our self assessment services can be mixed and matched to meet your accounting and tax needs.
Why Choose KISL Over an Accountant?
As a reputed accountancy firm, we are backed by our professional team of self assessment accountants. We at KISL go much further than your traditional accountant.
Professional Tax Expertise
We offer an all-round service facilitating all your accountancy needs, no matter the size of your business. With the various types of taxes to deal with these days, our professional self assessment accountants will ensure you leave with one less thing to worry about.
Fast Turnaround
Our self assessment and tax return services are delivered without any delay or inaccuracy. We also understand that it can cost major tax penalties.
Maximising Allowable Deductions
Our team identifies legitimate expenses and reliefs to ensure you aren’t paying more tax than necessary.
Frequently Asked Questions About Self Assessment Accountant & Services
What is the UK tax year/fiscal year?
The UK tax year runs from 6th April to 5th April each year. All income earned within this period must be declared in your self-assessment tax return.
When is the deadline to submit a self-assessment tax return?
- Tax returns in paper formats: 31st October
- Online submissions: 31st January
Missing these deadlines can result in penalties.
How much will I be charged as a penalty if I miss a tax return deadline?
HMRC charges £100 if you miss a tax return deadline. This amount will be added up with additional charges of £10 daily penalty if 3 months late and £300 or 5% of the tax due if 6 months late.
Our self assessment accountants will notify you on time, helping you avoid these penalties.
Will I be charged even if I have no tax to pay?
Yes. The HMRC will charge the tax penalty even if you don’t have any tax to pay if you missed a tax return filing deadline.
Can you submit my tax return directly to HMRC on my behalf?
Yes. We can do the submission directly from our side once everything is reviewed and approved. Our team will also notify you confirming whether it has been successfully filed.
020 8432 0733
dinesh@keepingitsimplelimited.co.uk
Our team are here to help you and your business. If you’re a small business owner based in Bexleyheath, Sidcup, Welling, Erith or Kent and you’re looking for some accounting advice, or you need assistance in outsourcing accounting tasks, we’re here to help.